PLD vs VXX: Correlation
Measured on weekly returns over the past three years, Prologis (PLD) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.43, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLD and VXX?
Over the past 3 years, PLD and VXX moved with a correlation of -0.43, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.24 versus -0.43 over 3 years. Over 5 years the correlation is -0.39, and the annualized covariance of weekly returns is -679.4 %².
VXX is close to the least connected end of PLD's tracked universe, ranking #39 of 40. The last year tells two different stories: PLD led by 79.7 percentage points, +30.0% for PLD against -49.7% for VXX. One caveat on sizing: VXX is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
PLD vs VXX: side by side
| PLD (Prologis) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +30.0% | -49.7% |
| 5-year return | +22.5% | -95.6% |
| Volatility (ann.) | 25.8% | 60.9% |
| Beta vs S&P 500 | 0.90 | -3.31 |
| Max drawdown (3Y) | -31.4% | -83.3% |
| Market cap | $137.9B | – |
| P/E (trailing) | 31.7 | – |
| Dividend yield | 2.92% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | PLD | VXX |
|---|---|---|
| 2022 | -31.3% | -23.8% |
| 2023 | +21.6% | -72.5% |
| 2024 | -18.1% | -26.2% |
| 2025 | +25.1% | -42.2% |
| 2026 | +12.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLD and VXX good diversifiers for each other?
Yes. With a correlation of -0.43, PLD and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PLD and VXX?
As of 2026-08-27, the correlation of weekly returns between PLD and VXX is -0.43 over 3 years, -0.24 over 1 year and -0.39 over 5 years.
Is VXX a good diversifier for PLD?
Yes. With a correlation of -0.43, PLD and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.43 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pld-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pld-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PLD correlations · VXX correlations
